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2621-2623 Westfield Ave 7,010 SF 100% Leased Retail Building Camden, NJ 08105 $289,900 ($41.36/SF) 9.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy foot traffic
- Fully rented
- Income producing
EXECUTIVE SUMMARY
Versatile multi-use property on Westfield Avenue in East Camden! Ground-floor storefront leased at $1,700/month through October 2026, plus a 4-bedroom, 1-bath apartment above, leased at $1,400/month through October 2026. Gas and electric paid by tenants. Water and sewer included in the rent. Features include a fenced backyard, full basement, and shared rear parking. Perfect for an owner-operator wanting to live above their business—or an investor seeking steady income. Located in a federal Opportunity Zone, offering potential tax benefits for qualifying investments. Act now—rare East Camden live/work property with turnkey rental income! This is an AS-IS Sale.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,010 SF
Building Class
C
Year Built
1923
Price
$289,900
Price Per SF
$41.36
Cap Rate
9.30%
NOI
$26,961
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
12’
Building FAR
2.64
Lot Size
0.06 AC
Zoning
C1 - See attached Pro Forma and permitted zoning uses in the documents section
Frontage
36’ on Westfield Ave
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-01169-0000-00049 | Total Assessment | $122,600 |
| Land Assessment | $33,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $88,900 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
08-01169-0000-00049
Land Assessment
$33,700
Improvements Assessment
$88,900
Total Assessment
$122,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2621-2623 Westfield Ave
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